Saturday, October 16, 2004

Netflix stock drops 40% with CEO predicting Amazon's entrance to market - Netflix cut the price of their subscriptions in preparation of that event, as well. This is a fantastic move by, and one they should have done earlier - They already have a better distribution system in place than Netflix, and their website's system of recommendations and current services is far, far better than Netflix. What more, adding this division will be relatively inexpensive (because they have most of the infrastructure in place), which begs the question (again) of what took them so long. I can see DVD rentals integrating itself VERY well with Amazon's current business.

Incidentally, I see this as yet another first-innovator of a field being pWned. :>


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